Ma showed that an innovative private enterprise could thrive under a Communist regime once hostile, and still at times suspicious, of ambitious capitalists.
Two decades of reform have not yet built an Indian capitalism that has the confidence or conscience to look at political or bureaucratic bosses in the eye and ask relevant questions.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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